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By Nishang Narayan
Published on November 10, 2024
Indian Hotels Company Limited (IHCL), backed by the Tata Group, has announced an impressive second-quarter performance for FY2024-25, with net profit surging 226% year-on-year (YoY) to ₹583 crore. Revenue also climbed by 27.4%, reaching ₹1826 crore.
The company attributed this strong growth to strategic initiatives, including record hotel signings and expansions. Puneet Chhatwal, Managing Director and CEO, highlighted that IHCL has signed 42 new hotels, expanding its portfolio to an industry-leading 350 properties. The company also met its goal of opening two hotels per month, with 14 new properties launched this fiscal year.
Additionally, IHCL is set to take over the management of The Claridges, New Delhi, under a hotel operating agreement starting April 2025, further strengthening its footprint in the capital.
For the first half of FY2024-25, IHCL reported revenue of ₹3376 crore, marking a 16.4% YoY growth. Profit for the same period more than doubled, rising 103% to ₹843 crore.
In another key development, IHCL entered into agreements to acquire a majority shareholding in the Tree of Life brand, enhancing its portfolio with boutique leisure properties.
Ankur Dalwani, Executive Vice President and CFO, noted the company’s robust financial position with a consolidated gross cash of ₹2460 crore as of September 30, 2024. The consolidation of TajSATS into IHCL’s portfolio contributed to a 48% YoY growth in Consolidated Profit After Tax (PAT) to ₹247 crore, excluding an exceptional item of ₹307 crore related to the integration.
With continued expansions and acquisitions, IHCL is well-positioned to sustain its growth trajectory. The company’s strategic focus on operational efficiency and portfolio diversification promises an exciting future in the hospitality sector.
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By Hariharan U
Published on January 16, 2026
Sharing his expectations from the Union Budget 2026, Sanjay Manohar Vazirani, Chairman and Managing Director of Foodlink F&B Holdings (India) Limited, said the hospitality and foodservice sector today mirrors India’s evolving consumption story, shaped by rising disposable incomes, experiential spending, and renewed momentum in tourism and events.
Vazirani noted that sustained focus on infrastructure development, tourism promotion, and improved urban connectivity would create a strong multiplier effect for hospitality-led businesses. He said such measures would help India strengthen its positioning as a global destination for premium culinary and lifestyle experiences.
From an industry standpoint, he highlighted the importance of GST rationalisation, clearer compliance frameworks, and continued support for skill development. According to Vazirani, these steps would not only improve operating efficiencies but also reinforce employment generation across the hospitality and foodservice value chain.
He further added that measures aimed at easing access to credit, simplifying trade processes, and supporting Indian hospitality brands expanding globally would benefit the sector while contributing to a stronger, services-driven economy.
Vazirani emphasised that a growth-oriented Budget, one that balances fiscal discipline with consumption-led and tourism-driven growth, has the potential to significantly accelerate India’s hospitality and experiential economy in the years ahead.
By Manu Vardhan Kannan
Published on January 2, 2026
Aircastle Limited has announced that it will release its third quarter financial results for the period ended November 2025. The results will be made public before market hours, offering investors and industry stakeholders insights into the company’s recent performance.
Alongside the announcement, Aircastle’s management will host a conference call to discuss the financial results and provide updates on business operations. The call will be open to all interested participants, including analysts, investors, and members of the public.
Participants will be able to join the live conference call by dialing the designated toll-free or international access numbers. Callers are advised to join a few minutes early and reference the company name, “Aircastle,” when prompted by the operator.
A simultaneous webcast of the conference call will also be made available on a listen-only basis through the company’s official website. Listeners are encouraged to visit the website in advance to ensure that any required software is installed for uninterrupted access.
For those unable to attend the live session, a replay of the webcast will be available on Aircastle’s website shortly after the conclusion of the conference call, allowing stakeholders to review the discussion at their convenience.
By Author
Published on December 28, 2025
SKA Group has announced the addition of three popular food and beverage brands—Bercos, The Barbeque Company, and Domino’s—to the retail portfolio of SKA Arcadia, its flagship commercial development in Wave City, Ghaziabad. The new brands will occupy a combined area of over 14,500 sq. ft., further enhancing the project’s appeal as a high-potential neighbourhood retail destination.
Strategically positioned at the main entrance of Wave City on NH-24, SKA Arcadia benefits from excellent connectivity to Ghaziabad, Indirapuram, and surrounding premium residential catchments. Its location, coupled with a thoughtfully curated tenant mix, continues to position it as one of the region’s most attractive emerging commercial hubs.
Commenting on the development, Sanjay Sharma, Director, SKA Group, said that SKA Arcadia has been envisioned as a neighbourhood centre offering everyday convenience, quality dining, and a strong sense of community. He added that the inclusion of Bercos, The Barbeque Company, and Domino’s reflects the group’s focus on curating brands aligned with evolving consumer lifestyles, while creating a vibrant ecosystem where both retailers and customers can thrive as Wave City continues to grow.
The newly signed brands join established anchor tenants such as Haldiram’s, which occupies over 11,000 sq. ft. at the development. With these additions, SKA Arcadia further strengthens its positioning as a modern, experience-driven commercial destination designed for high footfall, convenience, and long-term value creation.
Spread across 2 acres, SKA Arcadia is a signature high-street commercial development featuring five floors of retail and dining spaces. The project offers premium amenities including fine dining restaurants, a food court, escalators, elevators, multi-level mechanical parking, power backup, and high-speed Wi-Fi, and is registered under RERA number UPRERAPRJ228610/03/2025.
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